UNOPPOSED APPLICATION
Khulubuse Zuma sits tight on Pamodzi-linked sequestration
Jacob Zuma’s nephew could face a full investigation into his business dealings for the past eight years
President Jacob Zuma’s nephew Khulubuse Zuma has taken no steps yet to oppose an application for his provisional sequestration for about R1.52bn owed to Pamodzi Gold companies although this could open up a full investigation of his financial affairs for the past eight years. Zuma was believed to have taken up permanent residency in the United Arab Emirates (UAE), Solidarity general secretary Gideon du Plessis said on Tuesday. If the High Court in Durban grants the sequestration order on December 8, a liquidator will be appointed, who will pursue Zuma’s sequestration in the UAE. The liquidator will have the power to interrogate all Zuma’s business dealings under section 152 of the Insolvency Act, dating back to 2009 when the company he chaired, Aurora Empowerment Systems, took over the mines of the failed Pamodzi Group. An investigation could help to answer questions about the possible intervention in 2010 by the president of SA to help his nephew secure rights to two oil leases in t...
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